Fungicides China News 1204 (12 issues per year)

Date: April 2012
Price: US $3564
Pages: 19
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Editor Notes

In Mar. 2012, two domestic listed agrochemical companies, namely Shandong Dacheng and Huayang Technology were carried out special treatment—delisting risk warning by Shanghai Stock Exchange, due to their financial deficit for two consecutive years (2010 and 2011). As a result, Shandong Dacheng and Huayang Technology were changed to *ST Shandong Dacheng and *ST Huayang Technology respectively based on ’Stock Listing Rules’.

Although most domestic listed agrochemical companies have suffered poor performance—net profit decrease or financial deficit, some companies still have been making great efforts to launch their IPO, such as Limin Chemical, Jiangsu Sevencontinent and Sichuan Guoguang.

In terms of China’s fungicide industry, the total output of fungicide technical witnessed a decline of 5.4% year on year to 22,000 tonnes in the first two months of 2012, according to National Bureau of Statistics of China. However, China’s output of fungicide technical will go up in the next months of this year with the upcoming of fungicides’ peak consumption season.

For example, rape sclerotium disease is stepping into a peak period in April this year in major rape planting regions, such as Southwest China, Changjiang River Basin, Jianghan Area, etc. According to NATESC’s forecast, the total occurrence area of rape sclerotium disease will accumulatively reach 3.33 million ha. in China in 2012.

Headline

Lier Chemical’s net profit has decreased by 2.95% year on year in 2011, though its revenue has increased by 110.19% year on year.

Huaxing Chemical’ s fungicide revenue has surged to about USD3.52 million, up 69.85% year on year in 2011.

Shandong Dacheng continues to see a serious financial deficit of about USD60.48 million (RMB380.88 million) in 2011.

Zibo Wanchang’s sales revenue of TMOF increases by 22.59% year on year in 2011, though its total revenue decreases slightly.

Huifeng Agrochemical will establish a new subsidiary in Dafeng of Jiangsu.

Lanfeng Biochemical plans to increase investment in Ningxia Lanfeng to USD127.61 million.

Limin Chemical ’s application for IPO is at the feedback implementation stage as of 22 Mar. 2012.

Chinese export volume and value of pesticides have both witnessed increase to a certain extent in 2011.

Total mancozeb technical output of key domestic producers witnesses a decline of 2.11% year on year in 2011.

Jiangsu’s pesticide application amount witnesses a decline of 2.4% year on year in 2011.

Bayer establishes National Potato Grower Club in Beijing Bayer Center on 15 March 2012.

Jiangsu Changqing will invest USD31.74 million to build seven new pesticide projects.

Autumn-sown rape sclerotium disease will accumulatively strike 3.33 million ha. of rape in China in 2012.

Diseases and insect pests of major crops will occur on large scale in Anhui Province in 2012.

Shaanxi Sunger has successfully acquired the temporary registration of cyprodinil 50% WDG in China in early Mar. 2012.

Lier Chemical’s net profit down 2.95% year on year in 2011
Huaxing Chemical’s fungicide revenue up 69.85% year on year in 2011
Shandong Dacheng continues financial deficit in 2011
Zibo Wanchang: revenue decreases but TMOF’s sales increases in 2011
Huifeng Agrochemical to establish new subsidiary
Lanfeng Biochemical increases investment in Ningxia Lanfeng
Limin Chemical’s application for IPO at feedback implementation stage
Pesticide export volume and value increase in China in 2011
Key domestic producers’ output of mancozeb technical down 2.11% year on year in 2011
Jiangsu’s pesticide application amount down 2.4% in 2011 over 2010
Bayer organizes National Potato Grower Club in Beijing
Jiangsu Changqing to build new pesticide production lines
Autumn-sown rape sclerotium disease to accumulatively strike 3.33 million ha. of rape in China in 2012
Major crop diseases and insect pests to occur on large scale in Anhui in 2012
Shaanxi Sunger registers cyprodinil 50% WDG

COMPANIES MENTIONED

Lier Chemical, Huaxing Chemical, Shandong Dacheng, Zibo Wanchang, Huifeng Agrochemical, Lanfeng Biochemical, Limin Chemical

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